Chapter 1: The Ownership Dilemma

Recently, I came across Packy McCormick's newsletter that really struck a chord with me. He highlighted that many of the challenges facing the U.S. stem from a widespread lack of ownership in the economy. Those who possess assets are seeing their wealth grow, while a significant portion of the population finds themselves priced out of this opportunity.

In my previous writings, I have discussed the contrasts between linear and exponential economies, as well as scarcity versus abundance. The key difference lies in how scaling occurs. In a linear economy, scaling is achieved through manpower, while in an exponential economy, technology drives growth.

This disparity has allowed the wealthy to exponentially increase their fortunes, while those without resources continue to exchange their time for money—a strategy that often leads to failure.

How can we inspire a shift in mindset or behavior?

Many individuals observe these inequalities and understandably place the blame on governmental actions. This critique is valid; often, the focus is more on what to avoid rather than on finding viable solutions. However, I believe that with the right intentions, the government can play a pivotal role in addressing these issues.

Fixing this dilemma is no simple task. A significant number of people remain oblivious to the internet's potential and how it could empower them to craft their desired lives. Unfortunately, many are preoccupied with merely surviving in an economy that continually outpaces them.

This situation underscores the need for a new educational paradigm—one that isn't burdened by soaring student debt. We must explore alternatives.

One of the most effective learning experiences comes from launching a business. Therefore, if I were in a position within the U.S. government with the aim of revitalizing the economy, here’s my plan:

Step 1: Erase all student debt. Concerns about fairness to those who have settled their debts are irrelevant; this debt is a drain on the economy and represents a predatory practice that should never have existed in the first place. It's time to stop hindering individuals for unjustifiable reasons.

Step 2: Establish a grant initiative to facilitate business startups, offering around $50,000. However, this program would come with certain requirements: participants must complete an accelerator-type course to grasp the fundamentals of entrepreneurship. Support would be provided to kickstart their ventures. As part of this initiative, a portion of ownership in each new business would be retained by the government. This concept of fractional ownership could be instrumental; I envision distributing fractional stakes in these enterprises to every U.S. citizen.

Step 3: Foster an economy centered around small businesses. There exists tremendous potential for a thriving small business sector, yet many lack an understanding of how to leverage online platforms for entrepreneurship.

This strategy could ignite economic growth, empowering individuals to establish businesses that can transform their lives. Citizens would gain equity in new enterprises, strengthening national unity and prosperity.

A future characterized by ownership is a promising one. However, to realize this vision, we must reformulate our thinking. Instead of penalizing entrepreneurs for expanding their ventures, we should equip others with the tools to compete effectively. Healthy competition thrives when everyone starts on equal footing.

Currently, a lack of competition stems from the risks associated with entrepreneurship. When individuals cannot afford to take those risks, they refrain from doing so, leading to stagnation. Let the government shoulder some of that risk while sharing the benefits with its citizens.

Chapter 2: The Role of Government in Economic Empowerment